The total cost in Rupees associated with the production of units of an item is given by . The marginal cost when 10 items are produced is:
The total cost in Rupees associated with the production of units of an item is given by . The marginal cost when 10 items are produced is:
Solution
✅ Correct Option: 1
The total cost function is .
Marginal cost is the derivative of the total cost function.
To find the marginal cost when 10 items are produced, substitute into :
Therefore, the marginal cost when 10 items are produced is ₹537.1.
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